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Thundelarra to acquire Abbotts gold project from Doray Minerals

Thundelarra Ltd. said Oct. 17 that it signed a binding deal to acquire the Abbotts gold exploration project in Western Australia from Doray Minerals Ltd. for a total consideration of 11 million Thundelarra shares.

Abbotts comprises 13 granted tenements covering around 450 square kilometers. Combined with Thundelarra's nearby Garden Gully project, the area approximates 530 square kilometers. The acquisition will more than quadruple the aggregate strike extent of the prospective target settings.

The shares will be issued within five days of completion of the deal.